Japan, China Shares Rise; Europe Advances - TheStreet

Japan, China Shares Rise; Europe Advances

Stocks in Japan and China closed higher Thursday on the back of gains on Wall Street and diminished fears of China's efforts to rein in excessive lending.
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NEW YORK (

TheStreet

) -- Stocks in Japan and China closed higher Thursday on the back of gains on Wall Street and diminished fears of China's efforts to rein in excessive lending.

Stocks in Hong Kong moved slightly lower and European shares were advancing ahead of a report from chip giant

Intel

(INTC) - Get Report

after the closing bell Thursday in the U.S.

Japan's Nikkei 225 stock average Thursday ended higher by 1.6%, or 172.65 point, to 10,907.68. Shanghai's benchmark gained 1.35%.

Hong Kong's Hang Seng index fell 0.15% to 21,716.95.

Economists expect China's planners for now to discourage excess lending through technical tinkering rather than by raising rates or cutting back on stimulus spending, the

Associated Press

reports.

In Europe as of 4:35 a.m., stocks in London gained 0.7%, Frankfurt rose 0.6%, and the CAC-40 in Paris ticked 0.6% higher.